Nexi (OTCMKTS:NEXXY) Shares Down 4.9% – What’s Next?

Nexi S.p.A. (OTCMKTS:NEXXY) shares dropped 4.9% on Thursday . The company traded as low as $3.90 and last traded at $3.90. Approximately 501 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 7,720 shares. The stock had previously closed at $4.10.

Analyst Ratings Changes

NEXXY has been the topic of a number of research reports. The Goldman Sachs Group lowered shares of Nexi to a “neutral” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nexi in a research report on Monday, May 11th. Citigroup reaffirmed a “neutral” rating on shares of Nexi in a research report on Thursday, May 28th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Nexi in a research report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Nexi Price Performance

The company’s fifty day moving average is $4.20 and its two-hundred day moving average is $4.21.

About Nexi

Nexi S.p.A. (OTCMKTS:NEXXY) is a European PayTech company specializing in digital payment solutions for merchants, banks and public administrations. The company provides end-to-end processing services for card payments, point-of-sale terminals, e-commerce gateways and mobile wallet applications. Nexi’s platform integrates acquiring and issuing capabilities, enabling businesses to accept and manage a wide range of payment methods, including contactless, chip and PIN, and tokenized transactions.

Founded in 2017 through the merger of Italy’s Istituto Centrale delle Banche Popolari Italiane (ICBPI) and CartaSi, Nexi embarked on a strategy to consolidate payment services across Europe.